Cover–All Building Systems placed in receivership
InTentsMag.com | May 6, 2010
Calgary, Canada–based Cover–All Building Systems has been placed in receivership, and the process of selling the company’s assets will move forward in May.
The maker of steel–framed fabric buildings halted production in March and laid off most of its 483 employees after being granted protection from creditors. Cover–All also issued a safety notice in March to owners of its TITAN® buildings, warning that some “may not meet the maximum combined wind and snow load capacity requirements” of applicable building codes. The company had begun a review of its building designs, but announced in April that it is “no longer able to fund the completion of this review.”
Cover–All recommended that owners of its buildings “engage a structural engineer to perform an analysis of your building to determine whether it meets all applicable building code requirements.”
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12:00 am CDT
It is really sad that Cover-All Building Systems has been placed in receivership and I am sure that it must have been a real difficult time for its employees when they got laid off!! It is depressing to see such factories of repute becoming history - but I suppose that is the price we have to pay for these times of recession where they don't have enough funds to even review the building designs that they have asked the owners of the buildings to get the work done!!
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